Traderlifestyle
If you lost deposit...COINBASE:BTCUSD
Who is at fault?
Let's start by acknowledging that we shall identify who is to blame for the irreversible. Who exactly is at fault for the money you lost?
A market that is unprofitable? A market maker seeking increased compensation? A deceiver who desires to put everyone out of business? A signalman looking to overcharge for his signaled closed channel? Children who find it difficult to focus? Always a troublesome partner?
No, you alone are at fault. You initiated the deal with your own two hands, which resulted in the destruction of everything. Nobody else compelled you to risk everything. Realizing this should cause you to cease blaming others for the results of your own behavior. It gets worse when you realize that your actions caused the money to be lost; it consumes you internally and prevents you from thinking clearly. You shouldn't worry, though, because life continues on. regain your composure.
Errors are acceptable
Each of us has the right to make errors because we are all human. Making mistakes is a necessary part of learning because otherwise, how would we know what is worthwhile and what is not? Just understand that mistakes are a necessary part of our journey and give yourself permission to make them. We learn from our failures and gain priceless experience that helps us reach higher heights. There are numerous examples of people who went completely bankrupt making a comeback among the Forbes list participants, using the priceless expertise they received as a result of their past errors to increase their earnings, accelerate their business growth, and improve as entrepreneurs.
We all know all this famous success stories so the same is true with traders. How did Jesse Livermore come to be the subject of the memoir "Memoirs of a Stock Operator"? He completely lost all of his money and occasionally had to start again from nothing. He persisted and saw the setbacks as vital lessons that he could use to his advantage to eventually succeed.
Work on your flaws
Work diligently to correct your errors, consider your past, and determine what caused you to fail. What were you going through right when it all started? What feelings did you experience? What were you contemplating? What did they desire?
You work
Will you be able to make regular long-term gains with your current trading approach and mindset? Study technical analysis, system trading, money management techniques, trader psychology, and all that comes after if the answer is no. You can only succeed with system trading, restraint, and patience. Find someone whose primary source of money is trading, who is knowledgeable about the aforementioned, and trade with him if you don't have the willingness or time to do all of this and trading is your secondary source of revenue. However, when looking for someone like this, exercise extreme caution and thoroughly research his prior experiences.
Are you plagued by the thought of wondering why, after earning a sizable sum for themselves, they didn't remove money from the market? Did you have any objectives or was money your main concern? Unless, of course, you are a fan of waste paper, money cannot be an end in itself; it can only be a means for achieving goals.
It is not unexpected that you did not withdraw money if your aim was an illogical abstraction, such as a "abstract house," "abstract automobile," "abstract journey," and so forth.
Change of direction
You must express the objective clearly in order to succeed:
The statement "I want to buy a good apartment" will not be effective, but the statement "I will purchase an apartment with panoramic windows in Paris, will be effective. If you don't know why you need money, trading will become for you a toy that rapidly becomes boring and destroys your life. But keep in mind that the objectives should be realistic and truly vital for you.
This strategy will enable you to consistently take winnings from your trading account, set aside money for your objectives, and enhance the quality of your life.
Enjoy yourself
Don't go overboard a while frequently withdrawing money from a trading account. Make sure to spend at least a little money on your family and friends. You will thus be able to envision the outcome, feel inspired, and replenish your mental resources, which you can then use to make money.
Put your affairs in order.
You should bring yourself into balance after addressing the errors.
Take care of your personal affairs, devote time to loved ones, your health, your children, pursue self-education, and relax in order to do this. Money and fresh ideas will undoubtedly come to you, and you'll discover a way out of the predicament.
Life continues; it has not ended. You have a roof over your head, pleasant living conditions, food, water, good health, close friends, and many other things that you take for granted. Trust me, your life is someone's dream. Remember that many people do not have access to all of this, so be grateful for what you do have and enjoy life; everything else is just a minor annoyance.
For your own benefit
Due to the harsh circumstances, you will begin to see opportunities that you previously missed because of your comfortable lifestyle. However, your perspective will change totally as a result of these extreme circumstances. You now have experience, something most people do not. Your own success formula must include experience. He is the one who will keep you from making snap decisions and assist you in working through a challenging circumstance.
"People become weak in good times. Poor people create poor times. People become resilient under tough times. Good times are made by strong individuals."
The more challenging and challenging it is for you, the more probable it is that you will succeed if you manage.
"A person wins internal victories during a tough time, and external victories during a prosperous time."
Success, wealth, and acclaim will come to those who are diligently working on developing their character without giving in to hopelessness and despair. If you look around, you'll observe that most individuals behave in the exact opposite way during difficult times:
Such people start to look for someone to blame for their difficulties when they become depressed, start drinking, and moan to everyone around them. This is due of their moral weakness, and they blame the government, presidents, officials, bankers, family, and friends. The victim's position entirely negates a person's advancement and ends his accomplishment. A person who is upset by fate criticizes more successful and strong people rather than making changes in his life and improving himself.
✅Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
* Look at my ideas about interesting altcoins in the related section down below ↓
* For more ideas please hit "Like" and "Follow"!
Long Position On BTCAfter a bullish Pin Bar Candle on daily time frame yesterday, price action seems to be testing the support at $18662. if this were to happen traders may look for a long position at this level as reversal opportunity may come true. Plus, since target rate probabilities are expecting to be at 84% around 75bps to 100bps, traders may already priced this factor in the asset, giving more potential for bullish momentum.
ENTRY PRICE: $18662
1^TARGET PRICE: $19529
2^TARGET PRICE: $20818
3^TARGET PRICE: $21404
short trade opportunity on BTCAfter the CPI data publications BTC returning to its previous price range trading in low volumes and small price changes. This price instability can be premonition of a possible continuation of the downtrend momentum. Based on Fibonacci Extension, traders may look for further downside potential, thus aiming to lower price levels before CPI announcement. For these reasons, we suggest the following:
ENTRY PRICE: $19952
1^TARGET PRICE: $19193
2^TARGET PRICE: $18767
How We Made Over 35% YTD Using The Olympus CloudIn a year when the S&P 500 dropped as much as 25% and fear gripped the market, we have gained over 35% on our entire account by trading the NASDAQ.
We used the QQQ ETF, which tracks the NASDAQ, and the Olympus Cloud indicator on multiple time frames. Signals were derived from QQQ, and trades were taken on SQQQ. We used the daily time frame to determine when the longer term momentum turned bearish, and then used the 30m time frame to locate entries. We risked 2% of the total account on each trade.
When using a leveraged ETF we always recommend you do your analysis and charting on the underlying index. In this case the leveraged ETF and trading instrument was SQQQ, and the underlying index QQQ .
As you can see in the data section below this post, the Olympus Cloud shows 25% net profit, 68% trade accuracy, and a profit factor of 2.8. By using SQQQ as the trading instrument the real profit increased to over 35%.
ETHEREUM WEEKLY REPORT Hello fellow traders!
Yes, we have been on a bearish run for some time, but it seems like the crypto market is trying to pull back.....and its showing. As you see, ETH has been on this slow progressive positive run, riding this channel perfectly. This momentum can lead to a big positive bull run soon or the complete opposite.
ETH is looking good and steady based on the slow positive climb its attempting. The crypto market is hostile as we all know, so please do your own research and trade responsibly.
Improve Your Trading ConfidenceConfidence is the backbone of any successful trading experience. You will not be able to handle this risky endeavor without a proper dose of confidence at your side. If you want to excel in trading, you will have to fiercely battle against yourself, your fear, and the market.
1. Know your methodology and plan
Having a roadmap in itself will get you started off on the right foot and instill confidence before you get into the ‘heat of battle’.
There are countless ways to analyze markets with no truly right or wrong approach. The key point here is that you have a methodology, and a relatively simple one, as too much complexity, causes paralysis by analysis, an obvious enemy of confidence.
In addition to understanding your toolbox, whether it be technical, fundamental, or a combination of the two, you should have specific trade set-ups outlined that provide you with an edge or statistical advantage over time.
2. Use both winners and losers to build trading confidence
Success is the key element that drives confidence. There are no better arguments that can make you feel really confident than a winning trade, or even better, a series of winning trades.
If you’re lucky enough to keep your mind cool and not slip into overconfidence, it’s really important to reflect on your winning trades and take some notes. However, you should remember that even a considered trading plan may fail, so never believe that every trade that meets your plan’s criteria will work the same way.
Sometimes even some perfect trade setups fail. It’s just a part of an overall picture, so just accept it and move on. Learn from your losing trades, analyze what you did wrong, and use it as an experience, which you should try to avoid next time.
3. Remember what you are good at and apply it to trading
Think about what you are good at. Was your way to success easy and smooth? Never happens. You probably had to overcome some obstacles, face doubts, and pass through hurdles and uncertainty. Despite all this, you managed to succeed.
Remember that feeling of confidence you have while doing your favorite job. Did you always feel the same? Doubt it. But the experience you've got can definitely help you in trading. Using your successful experiences as a touchstone will help you to build confidence in yourself and apply it to trading.
4. Focus on the process. learn, trade, sleep, repeat
Markets are unpredictable. Don't get obsessed with the outcome of any single trade. Instead, put your energy into consistent and disciplined trading practice, which may eventually teach you to avoid mistakes and end up with a consistently profitable account.
Practice, practice, practice!
5. Fake it till you make it
Investing with confidence sometimes requires a “fake it till you make it” approach. Particularly in trading, you should learn how to act “as if” you are confident enough, even in the face of losing trades.
At the very beginning, it may be hard to fight your inner demons and defeat your strong emotional impulses. You’ll have to stand up and walk away from your computer without getting obsessed with your wins and losses. You have to learn to accept any outcome and go ahead.
In order to proceed, you’ll have to act like a “super trader” and believe in your trading skills.
In The End
Confident and successful people in general tend to have an optimistic attitude.
If you want to achieve good results, stay positive and never give up. Follow your own trading and risk management strategy and eventually, the number of winning trades will outnumber the losing ones.
Trading with confidence is easier said than done. However, it is worth trying.
🌱 If you found value and learn something new, leave me a like to show your support. 👍🏼❤️
Why is a workplace important in trading?Why is a workplace important in trading?
Trading is such a small life that you live every day by opening a chart and an exchange. And above all, you must live this life with dignity. And in order not to break down, not to burn out, to save your nerve cells, it is important to devote time, first of all, to psychology.
Your workspace
It is important that you feel comfortable working. Nothing should cause you negative emotions, remove all irritants: wipe the dust, remove all unnecessary, leaving only those things that you use daily.
You should sit down at the workplace and get maximum satisfaction, everything should be as comfortable.
You need to achieve maximum comfort, pay attention to what you are sitting on. Chair or office chair, choose it according to your height, back position, soft or hard, leather or velor.
Customize the location of the monitor, mouse, keyboard or laptop in general.
Use the speakers you need to play your favorite music in the background.
Why is it so important? Because even the slightest irritants can affect your work on the crypto exchange.
For example, you got a loss, at the same moment the cup with your cold coffee fell and now after 30 seconds - you are furious at everything around, and next time you start open random positions and get more and more loses.
How to build a workflow?
After you have prepared the workplace, you need to prepare the work itself.
First, decide on the time. You need to draw up a trading schedule. You should not sit 24/7, tremble over the charts and follow every candle, except for overtrading. Yes, it will be difficult to choose the time for yourself right away. Highly recommend you to watch my video about trading styles.
Create best workflow on exchange or trading view! Add favorite tool which you use all the time. Time charts, crypto lists colors, background, and all this small things. Ill make another video with trading view setups.
But who knows you better than yourself? That's right, nobody. Therefore, think about how you will be more comfortable.
Next, we need to determine in ourselves those things that can interfere with trade. For example: you are very sensitive to money, every penny counts. You may need to work on your relationship with money. Maybe we should not overestimate their importance. After all, this can be detrimental to emotional health in the future.
Or you are an extremely gambling person, like disputes, get adrenaline from the process itself. In this case, you should think about how you will deal with excitement while trading.
After all, I already told you that trading is a small life. The crypto exchange is not a place of fulfillment of desires. This is the battlefield.
And in conclusion, I want to add to the preparation:
Pay attention to the chart, set the colors and tools that are convenient for you in the trading view and on the exchange itself.
Get a notepad. Write everything down the first time. All observations, all transactions, all emotions, all flaws. Write absolutely everything there, every day.
Write yourself a checklist, add to it everything that prevents you from working and hang it in front of the monitor. Every morning, before you sit down for a chart, see if the conditions are right.
For example: excellent mood, no headache or other pain, slept well, concentrated. All urgent matters are done so that nothing distracts you, etc.
And most importantly, be self-disciplined.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅ Look at my ideas about interesting altcoins in the related section down below ↓
✅For more ideas please hit "Like" and "Follow"!
What to include in your Trading RoutineMost people dive straight into trading without knowing how or why. They also don’t plan ahead.
This is why most people are unsuccessful at trading.
Having a well developed plan is KEY 🔑 to trading success!
Let’s see what in must need in trading routine:
1. Trading Journal 📝
You won’t improve without a trading journal, your whole trading routine is built around your trading journal. The time you’re trading without one is wasted time period.
2. Backtest 📌
Do it every week at least once.
Backtesting increase:
- Confidence in your strategy;
- Self-confidence to execute it;
- Discipline (when you’re confident about your strategy, you are more likely to respect it.)
Tip: Journal your backtested setups.
3. Weekly mental preparation ⏳
Write down things like:
- What are the things you want to work on.
- What are the habits you want to improve.
- What are your goals for next week.
4. Technical preparation 💡
- Make your analysis.
- Study the different price scenarios.
- Prepare your trading ideas.
You can do it weekly or daily depending on your needs.
5. Weekly performance analysis 🎭
Open the psychology section of your trading journal:
- What did you do well?
- What could have you done better?
- What lessons did you learn?
- Realization about yourself, your strategy and the market.
6. Wins and Losses analysis 🌓
- Open the charts of your trades one by one.
- Read your mistakes
- Write down at least one lesson you took from each trade.
Tip: always take a screenshot at the exact entry point of each trade. This allows you to mitigate the hindsight bias and develop your pattern recognition skills.
7. Writing ✏️
Write down your thoughts and emotions on bad days.
It helps you understand your mind and gives you clarity.
It’s a great way to focus on the process and be patient.
8. Activities outside of trading 🚴🏻♀️🚣🏻♂️
You’re going to lose motivation and belief with your trading many times, you need to have extra motivational source.
If you only rely on your trading results to feed your persistence, you ganna give up easily.
If you like this content help me grow ❤️🌱
I’d be happy you add more tips to learn from each other
Bullish Bat harmonic An ascending harmonic pattern has been formed and the price has left the triangle. The price can touch the first target of 167.3 and the second target of 203.9.
US OIL BULLISHUsing Trend lines and due to the low confidence index today which caused the fall of stock I feel that there is going to be a short bullish move for the OIL
My analysis came from Fundamental impact and technical moves.
What's your take on the oil
Let me know in the comment section below